Gold Steadies Near $4,000 as Traders Weigh Interest-Rate Outlook

🇺🇸 Bloomberg (US) —

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Gold prices stabilized near $4,000 as traders reassessed the outlook for U.S. interest rate hikes following recent economic data. Experts noted ongoing central bank purchases of gold despite a slight pullback in rate hike expectations.

Gold steadied after the release of US economic data, as traders slightly pulled back on expectations for interest rate hikes. Suki Cooper, Global Head: Commodities Research at Standard Chartered Bank, discusses her outlook on the precious metals space and why central banks are buying gold amid the pullback. (Source: Bloomberg)

Markets Commodities gold price interest rates commodities market central banks precious metals

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